debt servicing

Over 50 percent of the nation's export revenue was spent on debt servicing.

Foreign debt servicing has climbed and will consume almost 30 percent of the new budget.

"Having over 60 percent being spent on debt servicing, we now have to use even the small amount left to counter the oil shortage."

Many countries are paying more toward debt servicing than their earnings in exports.

External debt servicing would cost Sh73,600 million during the year.

Debt servicing would account for 39 per cent of government expenditure.

At the same time, debt servicing costs, from the money spent mechanizing agriculture, rose.

Debt servicing in that year absorbed approximately 60 percent of the country's export earnings.

But even with debt servicing costs of about $257 million this year, its credit rating remains good.

Debt servicing was allocated R2,700 million, 27 per cent more than the previous year.

Meanwhile the region's debt servicing currently accounted for $9,000 million a year.

The fund also works with countries to reduce the financing gaps that result from trade deficits and debt servicing costs.

He added, that with "current levels of debt servicing there will be no possibility of recovery for our country."

Mr. Perez has said he does not plan to pay out more than $2 billion a year in debt servicing.

In the 12 months ended last March, 12 percent of government spending, or 3.899 billion dollars, was allocated to debt servicing.

That compromise would protect funds for health care while offering cheaper debt servicing for the state.

High interest rates worldwide, largely due to America's budget and trade deficits, also inflate debt servicing costs.

The lenders for years had concentrated on Linter's excellent brands instead of the company's debt servicing ability.

Poor countries pay about $43 per person in debt servicing each year and only $35 on health and education.

As in the previous budget, defence and debt servicing accounted for a large percentage of planned current expenditure.

Of the K1,200 million recurrent budget, debt servicing accounted for slightly less than one-third.

Joseph Tamale, 12, from Uganda, lit into the group on debt servicing.

The net loss in 1987 included a $220 million addition to the reserve against loans to certain countries with severe debt servicing problems.

Foreign debt servicing in 1989 totalled $6,586 million.

The officially recorded capital outflow, which does not include debt servicing, was a modest $1.4 billion.